The Swatch Group AG (XSWX:UHR) Total Inventories : CHF7,309 Mil (As of Dec. 2023)

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What is The Swatch Group AG Total Inventories?

The Swatch Group AG's total inventories for the quarter that ended in Dec. 2023 was CHF7,309 Mil. The Swatch Group AG's average total inventories from the quarter that ended in Jun. 2023 to the quarter that ended in Dec. 2023 was CHF7,248 Mil.

In Ben Graham's calculation of Net-Net Working Capital, inventory is only considered worth half of its book value. The Swatch Group AG's Net-Net Working Capital per share for the quarter that ended in Dec. 2023 was CHF80.46.

Days Inventory indicates the number of days of goods in sales that a company has in the inventory. The Swatch Group AG's Days Inventory for the six months ended in Dec. 2023 was 1,338.83.

Inventory Turnover measures how fast the company turns over its inventory within a year. The Swatch Group AG's Inventory Turnover for the quarter that ended in Dec. 2023 was 0.14.

Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue. The Swatch Group AG's Inventory-to-Revenue for the quarter that ended in Dec. 2023 was 1.87.

The Swatch Group AG Total Inventories Historical Data

The historical data trend for The Swatch Group AG's Total Inventories can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Swatch Group AG Total Inventories Chart

The Swatch Group AG Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Total Inventories

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6,852.00

6,315.00

6,389.00

6,873.00

7,309.00

The Swatch Group AG Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Total Inventories	Get a 7-Day Free Trial															6,389.00	6,703.00	6,873.00	7,187.00	7,309.00

The Swatch Group AG Total Inventories Calculation

Total Inventories includes the raw materials, work-in-process goods and completely finished goods of a company. It is a portion of a company's current assets.

The Swatch Group AG (XSWX:UHR) Total Inventories Explanation

Inventory control is an important part of business operation. If a company does not have enough inventory, it may not be able to meet customers' required delivery time. If it has too much inventory, the cost of holding the inventory can be high.

1. In Ben Graham's calculation of Net-Net Working Capital (NNWC), inventory is only considered worth half of its book value.

The Swatch Group AG's Net-Net Working Capital Per Share for the quarter that ended in Dec. 2023 is

	Net-Net Working Capital Per Share (Q: Dec. 2023 )
=	(Cash And Cash Equivalents	+	0.75 * Accounts Receivable	+	0.5 * Total Inventories	-	Total Liabilities
-	Preferred Stock	-	Minority Interest)	/	Shares Outstanding (EOP)
=	(2047	+	0.75 * 672	+	0.5 * 7309	-	1971
-	0	-	61)	/	51.8723
=	80.46

2. Days Inventory indicates the number of days of goods in sales that a company has in the inventory.

The Swatch Group AG's Days Inventory for the six months ended in Dec. 2023 is calculated as:

Days Inventory	=	Average Total Inventories (Q: Dec. 2023 )	/	Cost of Goods Sold (Q: Dec. 2023 )	*	Days in Period
	=	7248	/	988	*	365 / 2
	=	1,338.83

3. Inventory Turnover measures how fast the company turns over its inventory within a year.

The Swatch Group AG's Inventory Turnover for the quarter that ended in Dec. 2023 is calculated as

Inventory Turnover	=	Cost of Goods Sold (Q: Dec. 2023 )	/	Average Total Inventories (Q: Dec. 2023 )
	=	988	/	7248
	=	0.14

4. Inventory-to-Revenue determines the ability of a company to manage their inventory levels. It measures the percentage of Inventories the company currently has on hand to support the current amount of Revenue.

The Swatch Group AG's Inventory to Revenue for the quarter that ended in Dec. 2023 is calculated as

Inventory-to-Revenue	=	Average Total Inventories (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	7248	/	3869
	=	1.87

Be Aware

Manufacturers with durable competitive advantages have the advantage that the products they sell do not change, and therefore will never become obsolete. Buffett likes this advantage.

When identifying manufacturers with durable competitive advantage, look for inventory and net earnings that rise correspondingly. This indicates that the company is finding profitable ways to increase sales which called for an increase in inventory.

Manufacturers with inventories that spike up and down are indicative of competitive industries subject to boom and bust.

The Swatch Group AG Total Inventories Related Terms

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The Swatch Group AG (XSWX:UHR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » The Swatch Group AG (XSWX:UHR) » Definitions » Total Inventories

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Traded in Other Exchanges

SWGNF:USA SWGAY:USA SWGAF:USA UHRNz:UK UHRz:UK 0QJV:UK UHRA:Germany UHRN:Switzerland

Address

Seevorstadt 6, Bienne, CHE, 2501

Website

https://www.swatchgroup.com

Swatch Group's biggest brands are Omega (number-two Swiss watch brand by sales after Rolex), Longines (the largest premium watch brand and number four by sales globally), Breguet, Tissot (the leader in midrange Swiss watches), and Swatch. Swatch group employs over 31,000 people, half of them in Switzerland. We estimate that Swatch Group makes about 30% of its sales from Omega, 17% from ultraluxury brands, 20% from Longines, 10% from Tissot, and 6% from Swatch. We estimate Omega and Longines to be the group's most profitable brands.

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